New Bucs coach Lovie Smith was intrigued by the possibility of keeping Revis, his $16 million contract, and terms of the trade make that unappealing to a team coming off a 4-12 record with many needs.
If Revis, who turns 29 in July, is still on the roster by 4 p.m. Thursday, the Bucs owe him a $1.5 million bonus and would have to send a 2014 third-round pick to the Jets to complete the trade.
Tampa Bay also traded the 13th overall pick in the 2013 draft for the Pro Bowl cornerback, who was recovering from a torn left ACL at the time of the deal. The Bucs, who have been unable to restructure Revis’s contract, would gain $16 million on the salary cap to use on free agents while having to only send the Jets a fourth-round pick.
Jets ditch Holmes
The Jets parted ways with wide receiver Santonio Holmes on Monday, cutting the talented but injury-plagued playmaker after four seasons.
The move saves the Jets $8.25 million, which Holmes was due to make as his base salary this season. He was also scheduled to have a $10.75 million cap number, a lofty total for a one-time Super Bowl MVP who has struggled with injuries and inconsistency the last two seasons. The Jets also released cornerback Antonio Cromartie on Sunday, clearing $17.75 million of salary cap space before the NFL’s free agency period starts Tuesday.
Bennett stays put
Free agent defensive end Michael Bennett is returning to Seahawks after agreeing to a four-year, $16 million deal with the Super Bowl champions. Bennett was considered one of the top free agents after a breakout season with Seattle in which he led the team in sacks.
Bennett took a chance last offseason by signing a one-year deal for $3 million in base salary. That gamble paid off as he became one of the hottest commodities in free agency.
The Steelers made their choice at outside linebacker, and it isn’t LaMarr Woodley. A person familiar with the decision told the Associated Press that Pittsburgh will part ways with the ex-Pro Bowler, a move that hardly serves as a surprise after linebacker Jason Worilds agreed to accept a ‘‘transition player’’ tag last week.
Woodley, 29, will likely be designated a post-June 1 salary cap cut, but is free to sign with another team.
By postponing the move until after June 1, the Steelers would free up about $8 million in salary cap space in 2014. The money saved will likely go toward signing the team’s selections in the draft. Woodley will count $8.5 million against the team’s cap number in 2015.
Dolphins get busy
Safety Louis Delmas signed a one-year contract worth up to $3.5 million with the Dolphins, who shook up their secondary on the eve of free agency. Miami also released cornerback DimitriPatterson, freeing up more than $5 million in salary cap space. Delmas spent the past five seasons with the Lions . . . Dolphins owner Stephen Ross is going to pay for up to $400 million in renovations to the team’s stadium, a person familiar with the situation said. That will help keep South Florida competitive in bidding for Super Bowls and college football’s championship games . . . The Packers re-signed cornerback Sam Shields to a four-year deal worth $39 million with a $12.5 million signing bonus . . . The Cardinals will release guard Daryn Colledge, who started every game in his three seasons with Arizona. Colledge has not missed a game in eight NFL seasons, even playing with a fractured leg last year . . . The Chargers re-signed guard Chad Rinehart to a two-year contract. He joined the team as a free agent last season and started 12 games . . . A person familiar with the decision told AP Giants guard Chris Snee and punter Steve Weatherford have restructured their contracts. Snee, a former Boston College star and son-in-law of Giants coach Tom Coughlin, will cut his salary from $7.2 million to $1.1 million. He can earn $1 million in incentives . . . Broncos guard Chris Kuper is retiring after struggling with an ankle injury the last two seasons . . . Defensive end Jason Babin became a free agent after he voided the final two years of his contract . . . The Bears cut running back Michael Bush, saving $2.85 million, including $1.85 million in 2014 cap space . . . Punter Chris Jones signed an exclusive rights tender to stay with the Cowboys.